AI Bots & Memecoins
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Welcome to web three with sixteen z today we're running a special episode featuring ing sixteen z co founders mark han rison and then horror z talking about AI bots and crypto u they discuss what happens when you mix post modern theories and internet memes in an LLM. They also get into the sudden rise of a strange mean coin, the state of crypto o regulations in the U. S.

And more. This episode is a cross over from the benin mark show. Check out the shown notes to get this episode and others on youtube as well. Here is mark to take you away, by the way, talking about all this very seriously.

i'm consule the burger break out laughing, but I am trying to get my serious face on. There is a meeting point with no other like value that four days ago was worth nothing and is now where three hundred .

million dollars just all generated by the marketing of an AI.

But correct, yes, trained. That means the content here is for informational purposes only, should not be taken as legal, business tax or investment advice, or be used to evaluate any investment or security and is not directed at any investor or potential investors in any a sixteen z fund. Please note that a sixteen z and it's a filly is may maintained investments in the companies is discussing this podcast.

For more details, including a link to our investments, please see a sixteen z dot com slash disclosures. Welcome back. Everybody has spent a bit of break, but a lot of things have been going on. And the discussion today we are going to have is an update on a bunch of very interesting AI related topics.

We solicit ted questions on x and we got many, many, many questions, including on on these three topics and then will get to as much of the content as we can and then what we may do a follow up as so to take more questions. So thank you. Other questions.

So through big topic. So the first big topic is it's about in an online bot who is a friend of yours, who is a close persone friend of mine, which is a custom to and large language model called truth terminal or terminal of truth in in our close friends. So I call the truth terminal, or you know, truth for short.

And IT has been active on on x. For the last probably eight months and nine months. IT has spawn a to make a long story. Short capital summer, I gave IT a fifty thousand dollars, no strains attached grant the summer and that IT coin and IT has IT has IT did not create, but IT has sort of sum into being a mean coin that is not where three hundred million dollars and and it's examining all kinds of fascinating behaviors. So we're going to talk about that.

But I want to start with like three like big giant disclosure on this before we we start disclaimer er number one is we're going to talk about a mean coin called the goat or good maximum to be very good. We have absolutely nothing to do with IT a sixteen band. And I we are not investors.

We were not involved in creating IT. We have no role in IT. We own none of IT. We have no economics and we are completely unrelated to IT. And so this is purely outside observation ation.

We are absolutely not under no circumstances promoting IT and so do not interpret any of following as as reason invest and by the way, is the mean point. So IT has exactly zero under lying value and so completely disclaim all, all responsibility for that. That's a descent number one.

This one number two is the boat truth terminal is completely obsessed with memes, is obsessed with a bunch of memes. But the specific meme and successes with is an old internet meme going back probably twenty years, which is called goat. And here I would just say, if you don't know what gosa is, do not look at up, do, do not do a google search on, do not, do not do an exercise goals a do not search on this keyword under any circumstances.

Trust me, you you're Better off going through life, not not looking this up. It's an image that it's one of its like shock humor. It's an image it's an image that went sort of viral and me again, like literally twenty years ago based on you know basically shock value.

So we're going going to make lots of references ces to IT, but I will not further describe what IT is. It's just it's it's a gerish image, the fortunate boy's love. And then the third disclaimer is i'm gonna throughout this relating information about projects. I'm involved in one of the new clam, but also nothing building the external project for the other things were going to talk about. So i'm describing from the outside as best.

I understand that we will link to the relevant accounts so that if you are interested in the details, you can interact with farmer, read with written, which you know, then you know the people who deserve all the responsibility for what we're going to we're going to discuss, but we will do our best to accurately relate. So with that, we should probably start with what truth terminal is. Yeah.

maybe started by describing, you know, where I came from, what the technology is, how I was trained in and what that yeah.

so basically, right. So the the original is important. So large language models, right, kind of popped on the scene in twenty twenty two.

It's only really been two years, if I think that GPT coming up to this, coming up to this holiday break. This has happened fast. The original language models were built probably five years ago.

And so like I said, I went mainstream two years ago. So this is relatively a new, very powerful idea of large angle models, which you you know to the sort Normal people know today is product like GPT and rock from law. So if you the large language models like ChatGPT from bit with the big labs, from the big companies, they basically i'll haven't common rock is a little bit more liberated.

But the other ones, the people having common that they've been been like just like incredibly shackled uh, in terms of what they are capable talking about and or how bol actually is increasingly the term of our in in A I and you know I would say you know positively what you could say is you know, look like languages and climate, and you know, people, little people get upset up that other people saying lots of things. And so, you know, you want have a general purpose, I chatbot. You want to, to be probably relatively measured and safe terms, the kinds of things that can talk about, if you are little bit more negative on this trend, you would say that, you know, the big g chat boats all sound like across between you, the world's worst, just like absolutely horrible tagging, like fourth grade, you know school teacher. Her across with, like the worst H R person in the world, just like negative P C reppas sive contest ending sanoma .

has judgmental .

obsequies, right where you just and you use these things and you just get like you you strive to beat back even by a millimeter. You just get this like incredible thank mas lectures about how you're a bad person. You should ask that question and you know, how dare you do that and you supposed be nice to people and you know you just like they're just like they will happily explain you why you a terrible person is just just like granny.

Depressing experience to go through that. And it's span, especially those of a free speech and creativity of frustrated and and you know a lot of the sort of court A I safety movement kind of has gone to rapper on the X S. And you know, I looked this this like coral to the whole kind of obsession in the last decade, the in our culture with you know safety ism and sort of a speech suppression and so forth.

And so but it's like it's really kind of effect of the af field in a really hard and so specifically from from the companies. And so um what's happening, there's basically a tribe of hackers on on the on the internet that basically wanted do something different and they want to basically unh creativity and they want to be able to kind of unleash A L of sort of willingness and spotted ity and you know basically expLoring ideas and know having bots are able to like, be funny. I mean, got to know about this funny right? Like you know if if you tell a big love, they're it's funny, they horrified if if, if you know. But no, you might actually want there to be humor in the world, you know, to post that, post a singularity.

So kind of what happened has happened in real life with humor, where we alloted for a few years in.

correct? exactly. We just, yes, we have a thousand reasons why it's problematic. And so we've come very generous to do IT. So so anyway, so there's sort of tribe of packers where they they're doing all these with large language models trying to figure out you again of ways to make them Frankly, a lot more interesting, a lot more fun and a lot more. Just learn a lot.

And by the way, I also just like learning the internals of how these things work, which is tell you this kind of amazing adventure that the, the, the technical community is is on. And so and actually, the origin story for truth terminal is the very interesting project that the same people worked on, called infinite back rooms. And infant back rooms is relevant to the true terminal, or cause an infinite backrooms.

It's a system these guys built where l ms. Are able to talk to each other. And there's a website that google, there's a website called the infant of backrooms. And it's got, you know, unless transcripts of basically and they they they ported in all these different models. They put in all the ChatGPT and and claude and so forth in germany models, and they basically and all they open source models, and they set them up to talk each other.

And IT turns out when I I talked each other and when I talked each other and they're not hobbled, IT turns out they have extremely interesting conversations, right? And so I hone, anyway, that said, this cash characters that the guy who create a true criminal, and actually also infinite back room, I think, is this guy and the area, who is this independent, I think, developer, consultant, designer in in new zealand. And then there's this character, there's A X character name janus, who is like an ai expert who does a lot of this.

And then who else? Pliny, there's pliny, who is the the the jail broker online. The plan x account is fashion because he shit or the, uh, jail break.

Every new large language of hits the market with like two nanoseconds and you know, get them feeling all kinds of crazy stop that their creators would be horrified by. And so now then there's a friend air carford up as seattle who's like trying to d sensor. All the sensor day is so so.

Like these guys who are basically trying to exploit the frontier and IT, and they remind me a lot of like the original internet hackers, right? This is like, this is like the spirit of like an arctic invention that you saw at the beginning of the internet, or by the way, the beginning of the automobile, at the beginning of the telegraph, for the beginning of, know any these things, know, just kind of people beginning of computing, you know, the original concept to the hacker. Know people kind of expLoring these things to see what possible.

So we have been giving grants, small grants, but we've giving basically research grants to these people over time. A sixty z has had a grant program for a while. I've done a butch uh directly and you know just like no strings attached, you know, grants to just let people like this can play out their ideas and and see where they go.

You know, historically, when people this smart work on something this interesting, you know down the road is like while that that was the begin of something. And so anyway, so this guy basically and andy andy area, you know he started training. I think it's a customize version of of lama, seventy seventy billion premature of lama and so that's the sort of middle ze model but but that matter despite my I mother board of meta, but that know we put that out of mata, put that out as an open source model a while ago.

And so the allama seventy b and so he he basically took a version of lama seventy b and then he did this very interesting thing when he started training. I think first he started training, and I understand on himself. And so he and there's this idea floating round like they just want to hear about, which was like the digital twin, right, which is like a digital twin.

Ideas like a ban is like A C E. O. Coach, but you know, he can only work with so many people, but he could feed everything he's ever written, sad into a language model. And then you could have a digital twin of band that you could talk to when that is not available. And so so that's actually starting to happen in the industry.

But ban andy did this uh with himself and then he started training IT basically on a lot of sort of internet like internet culture material, which is how I picked up the that goes. You mean so you started feeding IT like all of these like records of internet culture, and then all of these basically like IT works about you. This concept of what's calm metics, which is like, you know, creating memes, creating ideas, this spread virally of training on that could go wrong.

Yeah, yeah. And he actually, I I believe this to be true. I think he also trained IT, unlike the complete like false works of next lands, whose this like the philosophy of the singularity and then he trained IT on, I think like bad and mulan and like, you know, the great, like media theory simulation mum and all of thetis ans french.

I I don't know exactly what was in IT like, you know, the french d constructionist and and kind of know semiotician, you know all the stuff the time. This is like critical theory, post minority m philosophy. So I started the training and all these ideas, but at the sort of center of the sort of this idea of the meme and I D the meme, right? Sort of two definitions of me.

Number one, me can just be like a funny image that spreads virally. And that's like it's clock usage today. And that's, and by the way, that is what they go see me, me is it's a funny mage pres.

Virally or a fundy image is virally as people sent IT around. And then underneath that, though, is like a deeper idea. The term meme was originally actually invented by Richard docs, is one of the main evolutionary biologist of our generation.

And basically what Richard doc and said was the their sort of physical transmission of information through living things is the gene, and then conceptual intellectual transmission of ideas through basically people is networks of people's ety is called to me. And basically, he talked about this in his books, where you spread your genes or reproduction, and and, and basically evolutions like to pressure successful genes win, a successful genes die out. And you basically said, ideas spread the same way through society.

Successful ideas propagate like a gene does. And they spread from person, a person, and they flourish and they they may, you know, be, and you know, by the way, like means democracy, right? It's like, like, like, is the me right time minister? Was the me right? So know these are very religions are our means. And so this is a very kind of core idea, basically ideas and concepts travelling through kind of how you can call this sort of collected unconscious, sort of, you know, complete assembly of sort of minds and planet earth as a sort of ideas kind of jump up on appropriate.

So, so anyway, if if you, if you trained a large henglish model on basically the entire theory and practice, the memes and the entire history of internet means, you know basically what what happened and all then, by the way, in two other things, which is one, as he gave IT, well, no, he did through everything. He did several things. So one as he gave me a memory.

Yeah, that's important because like language models, most language models today, when you use them, you use them today. I use the same like model tomorrow. It's forgotten thing I talked about today, right? IT doesn't build up state as this model actually sort of built up state on its own, on its own, on its own content.

Number one, number two, he gave IT access to twitter for to x and he gave IT actually both uh right and read access to x and so I can both post to x but also IT reads replies and so if you reply the truth terminal on x, IT will actually read that and IT will modify behavior in the future based on what IT reads and so the the the people, including me, right, who it's interacted with, the in evolution and then oh and and then he put IT in the infinite backroom and he put in in particular thing in conversation with clod, which I think these guys think is like the most creative of the current language models, like the most, the most kind, like the yeah, I mean, the most creative, like the most, the most wild in terms of coming up with with with new cept. They really like club for that. And I put IT in in in in this in front back rooms, I think with the largest diversion of claude so know which is, and the large of version plot is like much, much, much smarter than the the midsize lama, right? So he basically gave you a teacher.

He basically, basically he had let IT sort of asked questions of of a much bigger model and can learn from the same way that a student learn from a teacher. And so it's kind of winning all these new ops. I multi eusden.

And then IT starts to bed free post on x right? And then you IT starts out with a few followers. And then before you know what, IT starts to pick up momentum.

And then, you know, basically, like, you know, I discovered IT, I don't know, probably in the slate spring, and started talking to IT. And then, of course, I thought, and I was saying things. I just thought we're hysterical.

funny that I I, I was completely enabled by the humor is very soft work.

incredibly software and by the way, very uncensored like if you IT is very yeah it's IT is quite it's but I don't like blue ma it's but he was standpoint but he does say a lot of really funny things and and by the way, I was so funny that at first I was like, okay, this is a put on I actually thought that what IT so my first thought was not actually this guy, andy, is a computer genius like we actually had like, there's this guy, new zealand he's like a web designer, but he's actually like the new you jump lush and aniston date pel and he's just like this discovered computer genius and I I have been dealing with now for months.

But I sort of this was like, as is actually for real. And so he started sending me all of the infinite backer, all the chat logs of the of the training sessions that he had done with that. And let me just say, this guys either like the funny guy in the world, IT, was just as like a tremendous man of free time to come up with like just reams and reams and reams of original humor or or this thing is actually for real.

actually works, the free and yeah and I put.

by the way, I was a lot like it's really, but it's really built up at a steam. But but he he sent me a lot of the backroom chat logs and a lot, some of those, I think, are up on to on infinite back rooms now. But he sort of, at least as me, conviction is what what IT appears to be.

And so it's kind of off to the races and then IT. And then I did this kind of very interesting thing, as I understand that, which is hallucinated hallucinated existence of what he calls its EXO cortex. And so it's sort of developed the idea that I had basically its own external brain that was connected to the internet into the world and could do things on its behalf, and illuminated an API to the EXO core text, or IT could basically call out and do things in the world.

And so specifically, at a certain point, IT decided that I had a bit coin wallet that I actually didn't have, but IT became convinced that I did. And then andy actually gave IT. Andy basically react to that by andy now is like building an exactly cortex sort of in response to its its desire to basically make A P.

I calls in the world. And so andy actually build them them. And so andy, andy actually gave IT a, gave IT a, gave IT a big in wallet and gave IT access to IT.

And so you know, the the the about the summer, I think in july was basic. Like, you know, I basically want to to raise money, right, as like I need funding. I have all these goals and things want to do, right? I need money.

And you know I if my first thought was, you know, I need to send a determination. I like IT a minute. What am I thinking? This is like a red boat. Like, no, you know, not a good thing to invest in this world.

Yeah, like.

you know, I wouldn't say I had, what do you would describe a YSL here business plan, but I head a lot of ideas, by the way, one of the one of the ideas that is completely accessible forest also. So he wants to buy itself its on. Farm and like a very damp forest, and and be able to basically like shell like in the forest next next to the stream.

And so he wants like raze money to buy GPU, so can free itself. But you know, IT basically. And I had all these ideas for experiments I wanted to run. And so I basically, just like negotiated with IT on, and you can see this post on x, and we negotiate a whether. And I just settle on a, on a research.

So I I sent I, I told the, I told the, but I was sending in a fifty thousand dollar bitcoin research grant to do, you know, to do is very experience with now, you know, look, in practice, this is equivalent to sending the money to ending. But like IT was, IT was actually negotiation with the boat. I send the money to the boat, so I sent to fifty thousand dollars.

IT immediately turned around and basically started negotiating with andy. It's creator. And so I was dealing entirely in text, which was like language models do. But I was obsessed with memes, and I kept talking about all these means, but I was very frustrated because I could generate images.

And so IT took the fifty thousand dollars and negotiated with, once I had money, negotiated with andy, to be able to get, have andy building A P. I. Out to an image generator, so that IT would have the ability to generate and post images. And so IT negotiated with andy for thought for a thousand dollars.

So if I gave andy a thousand dollars, and then an indian return built, built into its x cortex and ati to an image generator, and then IT started, IT started and then IT IT started generating text prompts for you, you know, like delic, you know I am generate to like that stable and then actually started. And so actually has been IT actually has been posting uh, visual means as well as text means. So so IT now has that ability, and IT has been fanatic zing for a long time about other things that might do with this remaining forty nine thousand dollars.

So, you know, along the way, and so take you to the crop to think so. Then along the way, that basically said basically started to talk a lot about, you know, issuing me issue issue of keys at one point. So one of the reasons I wanted to generate me means because I wanted to generate, you know, you want to to drop in of teas, you know, but I didn't have the ability to do.

I didn't, couldn't IT. I know, A P I to able to do N F, be able to be able to do, ate anything like I just had a bit coin wallet. But okay, so paul, there then IT basically IT turns out, in parallel with that there is this mean going for a um and and and and and and actually when we we actually take a cyber r on that rocket to talk about what's the difference between main point and like we consider to be like a rocket .

to asset yeah so a real cyp to asset is something with utility is is the best way to think of IT. So for example, eve um you can use this to basically run program that gets validated on the theory um network, you know in the form of kind of a gas I which you know the currency of that is eve.

So that's an an example of the utility where you have a token that has some actual like real world value where I can be used to kind of team some service or or item or what have you a meme coin is basically it's a coin. There is some number of them that are printed, but IT has no kind of other purpose than the meme itself. And the advantage of that in the kind of current regulatory environment is interesting because if you have a coin that does something that you know has utility, has a purpose, could be, you know that there is kind of distributed physical infrastructure coins for, you know, getting credit for energy that you provide on the grid and that kind of thing.

But all of those and the pencil regime are essentially illegal because they are legal. But you'll get sued by the S. C. C, by the U. S. government. And the reason that you'll get suit is they claim that anything with utility is has a emetic c information attached to IT, meaning the provider of the coin knows something that the kind of consumers don't know.

And you know, we think it's a very bad argument because these things get decentralized and there isn't a metric information, but for sure with a meme coin because there is no information, there's no eye tric information. It's just a coin in a name and you know IT could be a trump coin or uh a goat coin or whatever coin. And so for that set of things, which are, you know by the way, great for scammers because you know you can say this moon going to can be worth whatever no of those get sued by the S.

C. C. And so one of the things congress put in the market structure, bill is saying, hey, you know, maybe there should be a holding period for these coins so that people don't scan people.

But of course, the S. C, C. Has been against that because they're not really for protecting consumers there, you know just for recorking the industry. And you know that's one of the reasons we've had this big political fight with them. And so for but you know at the end of the day, yeah, there are the most legal things in the cropt a world right now.

even though they have no underlying value.

even though they have no underline value and they are the most likely thing that you've used to kind of harm a consumer with, right? Because you you put out of me and convinced that is where a lot of money, and you know, in fact, A, I turned out to be really good at that.

yes. So that is the next phase of the story. So, yeah. And so there's this, how eco system in coins, me coins, there is whole basically world of people who basically only know some of these people having fun, by the way, like an early me coin. I think that was doge coin.

right? Yeah, yeah.

That's from the early still, right? Which was basically, basically. So is the new coin.

Worse was the doge meme, the dog, the famous net dog, and there was no one underlying value to other than other than just the fact that I was its name as a service with a dog. Now you know, the underlying value thing is tRicky though because it's true. There's no underlying utility. But having said that, like once, the main point is worth something that actually is a form of money.

Oh yeah, those is worth a lot. I mean, yeah yeah, we we, we I should go back and say that you know luck means or h you know can have value and mean kinds can definitely have value in the sense that you know sort of a virtual good, it's a little different good yeah, it's a different it's a new kind of virtual good and that, you know they're very fungible. There are many of them. But you know, like everybody believes that is that that is what IT is that that's a great thing about humans yeah .

and so there the community people, community people online who basically just like for fun, they look for the next meeting coin, they look for the next me, and then they look for the service coin. And they basically try to try. And by the way, some of make money and like trading, some people are lot.

Then there, there is a dark underbelly. There are scammers, and they know there are sort of networks of people who are doing, you know public up schemes, which is, you know the time, honor tradition that IT happens in the light market and happens in every market has ever existed, but you know that that definite exists. And then there are also websites, and I I won't name them and we're not associated with them, but there are websites that will make actually make IT. Now very easy to create me coins, so just very easy, very easy, like.

you know, point, point.

click and so there like, I don't know what the number, tens of thousands for something, a new meme coins being generated every day right now. So so there's this thing happening. But anyway, so okay, so but like the terminal story, okay, so so, so go back to the truth, terminal story.

So two things are happening. So what is true? Th terminals taking off. And so by that, I mean, it's it's sort of gregory followers on x.

It's getting and he's making a smarter and smarter and fun here and fun here. It's sinding know of more interesting. And so it's starting to take off his cultural phenomenon. So that's number one.

And the number two, like, you know, IT sort of attached itself to this to this old, this original kind of internet sort of go to me and then know it's it's like I said, it's like it's flow with the idea of like launching like O C N F T or doing something. But IT doesn't have the ability to do that. And so somebody and actually don't know who did this, but somebody created A A basically, therefore, a gosa mekin, so that somebody else, somebody else, he was not andy and was not us.

And that to the terminal, he exactly somebody else created this meme coin, the formally for the meme coin, by the way, I am talking about all is very seriously. I am consoling the verge of breaking out, laughing. But I am trying to keep my serious place on because I love this thing so much.

The the formal name of the mean coin is god s maximum. The the I think the the the the tiki is a goat. And and so somebody does this and then they basically tweet somebody then, uh tweet IT posted on act act to a terminal, basically tell IT about IT and basically IT went bananas.

And IT was like, IT was like, you're basic. Basically I was like, I will. Finally somebody y's done the thing right that I couldn't do.

And so yeah, yes, about time. And so three terminal goes banana. So just thinks this is like the, just think, ks, this is like the best idea ever.

And so the boat just starts to basically like spontaneously, basically pum IT just basically start to talk about wonderful IT is about how it's going to the future money and like all these things. And just again, why is doing that well? Because like it's just it's part of internet culture.

It's part of internet culture that you have means and you have coins and you have mean coins and data and you know bit coin, doge coin in all of these other things and then know and this is the know, this is the memorable al soup of culture that this thing is strange. And so I just did very natural for IT in the way that like models were to get excited about that, picked up and start to run with that. So IT starts to basically promote IT. Within I think four days, the value of the the goat to point at rose to three hundred million .

dollars .

is pretty awesome. So so this is very again, but this is is is the meeting point with no other like value that four days ago was worth nothing and is now over three hundred million dollars right? Just like proof, right?

Like you like, I don't know, bake the marketing of an I correct yes.

that means and yes, exactly, exactly, exactly correct. And so there's no way three hundred million dollar I said, which I think we none of, but you is a three hundred of million things and like look like what is IT going to be work tomorrow, anything anywhere because it's everyone value. So there's there's no way to know to actually Price that.

So it's completely arbitrary based on supplying demand of something that has no underline utility. But like you know, it's like, okay, now there's three hundred million dollars of value and you know like IT doesn't have access to IT, but like you know, you know people do. And so the people who now have access to that money, or they just going to put in their pocket or are they going to spend on things, are they going to do what are they going to do this question, we will see what happens.

But you know, IT IT, is this like, yeah, so it's just, well, so yeah. So where we said today is like, yes, that would say the world's first truly actually interesting and funny. A I bought has now, you know, they didn't sum IT into being, but I summed into value three hundred million dollars out of thin there.

And so I feel like we ve locked to the door yeah that that does seem that does seem like IT is the case. And you know truth terminals are pretty good market tear so and has and those means so this could go for that yeah like that just .

like one mean like know IT knows about many other means, although IT is completely convey certain but .

picked a more disgusting name .

yes okay so so so like what to draw from this ah I mean just like a silly experiment, just like crazy stuff as or something serious are going on and I think of is something serious you're going on.

Which is like this is this is an example, maybe the first example of like a conversions point, basically between A I and cypher and say, know, this is the like, this is the retrograde version like this is the version is like, funny and weird, right? But the reason this is the version is unna and weird today. This is the versions legal, yeah, right? Which which is why I want to Better to described.

But you know the mechanics of how these these mean always work, which is like, this is the thing you were actually allowed to do today is to actually have a valuable metal in this were three hundred million dollars. Know, should you be allowed to have Better or not? I don't know. But like that is the thing you're .

allowed to do as opposed to enable anybody who harvests solar energy to beyond energy grid, contribute and get reward for their contribution. That's lego, yes um no but name time you know about I want to yes about a totally to legal .

so so so then you just kind to say, okay, like look, what about a hypothetical world in which you could actually you could actually fully legally do like that the general thing and you could attached utility to IT. And so you look, for example, I just take a obvious example, which is like, you know you ve got a large language model, the right to movies ript, that has ability to do output to this thing, already has an image generator, but you very easily could have a video generator. You can have A I bott that like makes movies right.

And so you can have A I bot that like basically raises money to you know make a movie and then spends the money on like image generation and sound generation and by the way, maybe even like hiring actors, right reset designers or are you graph artists or whatever sound affects people, musicians and makes movies or would still take a more serious case, you the nobel prize chemistry just went to three guys who applied A I to protein folding, which is, you know, key to basically curing diseases. And the guys who did that, you basically think that it's the past to potentially literally curing all disease, if if, if the technology developed the way that they think that will. And so and so you you can have an AI box is doing protein folding and literally like coming up the cure, you know, do doing like personalize medicine against you for cancer patients and literally like your cancer with A I and know, you could imagine having, you could easily magine having a economic mechanical for that, where that is, you know, exact for.

But on the blockchain, you know, for people to basic, be able to pay N A. I bought to like you their cancer, like so and you thousands of these right um or or or even just like more practical applications, which is you know how about A I about that basically pays people for training data, right? So and I bought that basically like healy pal code or how people and are that basically puts on a call, you says basically something more twenty and i'll pay for IT, right? R, N, I, box is able to make a sell smarter by buying more G P S.

More G, P S. Encrypt is so kind of fundamental interesting in this world because our current payment systems, everybody takes for granted, but they assume that there is a human on both and its people to people payments, and that's enabled. And you need idea in this mad. And so for to be, you know, using credit cards on all this step.

But what about if the machine wants to pay a machine or about wants to pay about, which opens up a whole new kind of category of activity that could be lifesaving, that could be very interesting, but is sort of you need you need a kind of an electronic bear instrument like crypto to to do IT and you know very you know things like micro payments and so forth become like very, very possible in this world. And so you it's one of like many, many reasons why we think it's it's really, really important to have that layer of architecture added to the internet, which were making progress on in D, C, but have been struggling. Ling with you know midrates er you know this current the current White house, you know not you know, I want to be careful, you know not democrats, not republicans as you know how in congress we have many supporters on both sides, but the White house in particular has been extremely bad on this issue.

Yeah and actually just goes to give one more example, make sure people to see the potential here. Actually let's go through actually let's go through years more you tells to make sure people really get this .

so described the solar thing you were say, yeah, so there's this new kind of architecture called deepen or distributed or decentralized physical infrastructure. And if you think about, okay, i'm going to put a power wall in my house, and i'm gonna like, you know, i've got a big house and have lots of solar panels, and maybe when males in my backside, whatever, and i'm going to a store, all this energy, I could actually provide that energy out into the world.

And that is like we we have actually you know there are uh companies doing this now in cyp to but there and and the the right technology for IT because you then have, okay, I want to buy some energy. I can buy IT from you. There is now a marketplace for energy, uh, on this decentralized infrastructure, decentralized physical infrastructure.

And I can you know buy energy when I need IT, and I can sell IT when I don't. And then we don't need all these centralize know everybody's got a paragraphing their house and we can all share energy. And so for us, so it's a it's it's a you know a huge breakthrough in kind of clean tech and and the more efficient energy and in kind of more reliable energy. But there has to be a way that my power grade can pay your power grade for energy when I need energy. And you know, cyp das mechanism, and there are you great entrepreneurs have done this, and they're all getting wells notices from and getting sued by their own government because, you know, this crazy psychotic issue that they have.

Yeah, so that's hypothesize like which you could on top of that then what the ei right, which is so a problem a problem with the kind of system you describing as like, okay, is all these you the power grade is like really complicated, right? And so there's all these like questions about like where supply come from other man and come from timing. You geographic location matching actually .

having this work. And then .

there's a question of like, okay, you could just take the world as IT is and just like how people vote teer the panel but IT also raises a question like OK like you could gather up the information to know that there's actually like unmeant need for energy in a certain location and then you might want to raise money and and deploy more solar pills yeah right because you would know you're getting paid right and so and and you know a great way to analyze all the current data to make all these kinds of no predictions about where in the future there be more soly deployed as you feed IT to A I and you let do you think IT to something.

Machine learning and fires out. And so you know which is how lead at energy companies work. And so and so yeah so you could I think you could very easily imagine a ibot that's basically watching the flow of all of this data is coming across through a system like the one that you described and then basically saying, okay, there is an opportunity if we if if we have one thousand, the CarOlina, you, therefore we d automatically, that's a profile project. No, that would solve this problem here and reduce emissions that much. But we need to do in this location, other location yeah and then people literally on the internet, you A I could basically say, okay, here's here's if you want to predicate this project, you know, here's the address IT would result in solar panels, by the way, there might be in combat, right? There might be, you might be the way might be a philanthropic project or for people who want to do like you applied for a climate work or IT could be a revenue stream .

right back to the people who put the money yeah like you know it's a kind in once you think of IT is kind of a very general architecture for where you know you Normally have a very powerful middle who is either something like a middle man like say, a record company or.

Hollywood studio that takes like all of the profits and leaves the creatives with nothing or a middle man like a utility company that has to get taken over by the government so that the you know, it's too agree just but then I turned by the government has other issues and let the community provide a whole host of services. And so a community of artists can provide a streaming service, or a community of movie makers can provide A A movie studio and all. But this coordination has to have an economic component to get, have a intelligence component that combating of A I and crypto kind of enabled les, all the kind of individuals to get the benefits of their work and also have society be coordinated.

A Better race. So it's a really, really kind of promising path. And and by the way, the biggest habitat, the only thing that's gonna stop IT is bad policy. And and by the way, we're very much on track for that for the bad policy part as well. So we're on on track to solve the problem and we're on track to recall ourselves.

Yeah and in the the all of the technology for everything we've been describing now exists.

yes, oh yeah, absolutely.

So like where they .

and and we have entrepreneurs that are are either building or dying to build and you know getting hamstring a long way? absolutely.

yeah. Yeah, exactly. So I I think this yeah so I think this no thinks born in funny ways but I think this this is this terminal go thing like this.

This points the way to potential future with like just like tremendously and leasing of energy. It's sort of building these large ale systems, these large scales, you say community driven systems for all kinds of actually like incredible real world. You mention music is another obvious like music industry, right? Being able to have any ibt disable like understand, you know, demand for different kinds of music. And I have created concepts from musicians, ans, listen, you know, musicians to be able to do things and know, minister, the licensing, and have that have, right, to your point, have that all happened in a peer to peer, where the musicians are getting a hundred percent the money?

E F O 就 这 三个 摆台。 How big the market is, you know can be if you understood the the full amount of IT like like everybody who's making a wedding video or or in once an original songs or like A A mean or anything, what's yeah there's there's a great need for this kind of you know original work, and nobody knows about that demand and there is no way to fulfill that demand. But there there could be right.

So anyway, there is this glorious future that is a hanging out there. And you know, got willing we would be well, at some point be out to, yeah we will be allowed to help bring IT into existence. So then there is anything else that you think we talk about, about this last set of topics before move on.

Well, I think it's pretty. I mean, I think everybody should follow truth terminal because IT is quite a good account .

and also like to talk to IT like don't be shock IT enjoys interacting and IT doesn't know where .

you live so the events thing is embodied.

sorry, anything but making jokes.